AMH Equity Ltd Makes New Investment in InterDigital, Inc. (NASDAQ:IDCC)

AMH Equity Ltd bought a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 11,000 shares of the Wireless communications provider's stock, valued at approximately $2,274,000. InterDigital makes up about 3.4% of AMH Equity Ltd's investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in InterDigital in the fourth quarter valued at $9,040,000. HighTower Advisors LLC raised its holdings in shares of InterDigital by 1.9% in the fourth quarter. HighTower Advisors LLC now owns 6,309 shares of the Wireless communications provider's stock worth $1,222,000 after acquiring an additional 120 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of InterDigital by 9.1% in the fourth quarter. Natixis Advisors LLC now owns 10,995 shares of the Wireless communications provider's stock valued at $2,130,000 after acquiring an additional 921 shares in the last quarter. Cibc World Markets Corp acquired a new stake in shares of InterDigital during the 4th quarter worth about $458,000. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of InterDigital by 17.9% during the fourth quarter. Tocqueville Asset Management L.P. now owns 1,722 shares of the Wireless communications provider's stock worth $334,000 after buying an additional 261 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at InterDigital

In other InterDigital news, CTO Rajesh Pankaj sold 1,000 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $224.58, for a total transaction of $224,580.00. Following the transaction, the chief technology officer owned 76,580 shares in the company, valued at $17,198,336.40. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Derek K. Aberle sold 692 shares of InterDigital stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the sale, the director owned 6,192 shares in the company, valued at $1,401,930.72. This represents a 10.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,062 shares of company stock valued at $920,853 in the last three months. 2.80% of the stock is owned by company insiders.

InterDigital Trading Down 1.9%

IDCC traded down $4.31 during midday trading on Friday, hitting $225.20. The company's stock had a trading volume of 287,157 shares, compared to its average volume of 365,584. InterDigital, Inc. has a 52-week low of $120.18 and a 52-week high of $237.50. The firm has a 50-day moving average price of $222.41 and a two-hundred day moving average price of $208.16. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.84 billion, a P/E ratio of 17.86, a PEG ratio of 1.44 and a beta of 1.36.

InterDigital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, July 9th. InterDigital's dividend payout ratio (DPR) is presently 19.03%.

InterDigital Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.